Form 8-K Palo Alto Networks Inc For: Sep 09

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Go back to Form 8-K Palo Alto Networks Inc For: Sep 09

FBR Capital Raises Price Target on Palo Alto Networks (PANW) Following 3c EPS Beat

September 10, 2015 9:50 AM EDT

FBR Capital reiterates an Outperform rating on Palo Alto Networks (NYSE: PANW), and raised the price target to $200.00 (from $175.00), following the company's 4Q15 earnings results. Total revenue of $283.9 million beat the Street's estimate of $256.4 million. Pro forma EPS came in at $0.28, above the Streets $0.25 estimate. Billings came in at $393.6 million, versus Street estimates of $338.0 million.

Analyst Daniel Ives commented, "Last night, Palo Alto Networks... More